Japan Financial Regulator to Announce Nomura Sanction

Japan’s financial regulator will order Nomura Holdings on Friday to bolster internal controls, sources with knowledge of the matter said, marking the lightest penalty possible in the wake of an insider trading scandal involving the brokerage.

The Financial Services Agency (FSA) will announce the business improvement order to Nomura after finding that it failed to prevent confidential information on three public share offerings it underwrote in 2010 from leaking to clients.

The move was widely expected after the securities regulator, which handled the investigation into Nomura, said earlier in the week that it had recommended the FSA sanction the broker without calling for a more damaging suspension of operations.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza